Tag: union budget
Budget news: Union Budget 2024 should address these critical government & public sector challenges, experts say
As India anticipates its new budget announcement, there is a heightened sense of expectation, especially within the Government & Public Services (G&PS) sector. This sector…
Budget 2024: 56% of Indians want income tax cuts to be weakened BJP-govt’s Budget task
“Nothing is certain except death and taxes” – That, perhaps, is what many Indians are saying as prices continue to rise and they are seeking…
Income Tax Bonanza in Budget 2024: Will FM Sitharaman make new tax regime attractive in Budget? Changes taxpayers want
The new income tax regime, also known as the concessional tax regime, is designed to offer lower tax rates for individual taxpayers compared to the…
Budget 2024 for Farmers: Agriculture industry wants FM to hike PM Kisan installment amount to Rs 8,000 in budget
During the recent pre-budget discussions, agricultural experts met with Finance Minister Nirmala Sitharaman. According to news reports, they have requested the FM to increase the…
Section 80C deduction in Budget 2024: Will the government increase Section 80C limit under the old income tax regime in Budget?
Many taxpayers choose the section 80C benefit as their preferred tax-saving option. Under section 80C of the Income Tax Act, 1961, individuals can avail a…
Budget 2024 can hike savings account interest deduction to Rs 50,000 from Rs 10,000
The upcoming interim Union Budget on February 1, 2024, would be a vote-on-account before the 2024 general elections. While the finance minister may not make…
TDS at 1% pushing crypto investors to grey market: Will Budget 2024 reconsider it?
Virtual Digital Assets (VDAs) such as crypto, Non-Fungible Tokens (NFT) are encrypted digital holdings on blockchain. Chainalysis’ ‘Global Crypto Adoption Index’ (2023) also suggests that…
Interim Budget 2024 could ease tax burden of homebuyers via these benefits
The Income-tax Act, 1961 (Act) provides certain benefits to home buyers if they have taken a home loan for buying house property. These benefits are…
capital investment scheme: Centre approves Rs 56,415 crore for 16 states under capex scheme
The Finance Ministry Approved investments worth Rs 56,415 in 16 states as part of the ‘Special Assistance to States for Capital Investment 2023-24’ scheme, it…
rbi: Sharp jump in foreign exchange income boosts RBI dividend for FY2023
The RBI‘s foreign exchange transactions and the absence of excess liquidity helped the central bank post profits in the last fiscal and helped it transfer…